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509 Saddle Ridge Lane

509 Saddle Ridge Lane, Rockville, MD 20850
Property in King Farm
Sold Aug 02, 2000
$357,575
$370,000 by Mortgage Capital Partners Inc
Mortgage Due Jun 01, 2035
Local assessors in Rockville, MD have categorized 509 Saddle Ridge Lane as a residential type of property. The home was built in 2000 and is 24 years old. The property's lot size has been calculated to be 4,027 square feet. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 509 Saddle Ridge Lane has a total of 2,896 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Additional features on the property are as follows. There is a built-in garage for those who need a place to park their vehicle. The garage on the property is 484 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a open porch so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of composition shingle. Lots of unknown were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a forced air unit is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 509 Saddle Ridge Lane was last sold in Jan 1, 1970 for $357,575. According to our calculations, that's $123.47 per sqft. Current property owners are expected to pay $9,845 in taxes per year. The property on 509 Saddle Ridge Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $744,200. To break that down further, the land itself was valued at $386,500. While improvements to the property were assessed at a total of $357,700. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 0
  • Garage Type: Built-in
  • Garage Square Area: 484
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 4,027
  • Total Building Area: 2,896
  • Gross Building Area: 2,896
  • Building Area: 2,896
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 2,896
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: KING FARM WATKINS POND
  • Land Acres: 0.092
  • Standard Land Use Code: Single family residential
  • Legal Description 1: KING FARM WATKINS POND

Ownership

  • Current Owner : FAN YIZHONG
  • Current Owner 2: FAN KUEI
  • Previous Owner : STANLEY & MARTIN HOMEBUILDING
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Montgomery County Public Schools
  • Census Tract: 701211

Zoning

  • Zoning: CPD1

Geography

  • Assessors Map Reference: GS11
  • Account Number: 03212740
  • District: 04
  • Parcel: 04-03212740
  • Block: PP
  • Lot: 47
  • Municipality: ROCKVILLE
  • Latitude: 39.1088
  • Longitude: -77.1729

    Address

  • Full Address: 509 Saddle Ridge Ln
  • Address - House Number: 509
  • Address - Street Name: Saddle Ridge
  • Address - Suffix Type: Ln
  • State: MD
  • City Name: Rockville
  • Carrier Code: C052
  • 4-Digit Zip Code: 5707
  • Zip Code: 20850

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $9,845
  • Tax Rate Code Area: 012

    Appraisal Valuation

  • Standard Deviation: 0.1433
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 82
  • Final Value: 942,710
  • High Value: 1,077,822
  • Low Value: 807,599

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $370,000
  • First Open Lien Mortgage Lender: MORTGAGE CAPITAL PARTNERS INC
  • First Open Lien Mortgage Recording Date: May 27, 2015
  • First Open Lien Mortgage Loan Amount: $370,000
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2035

    Market Valuation

  • Market Total Value: $744,200
  • Market Land Value: $386,500
  • Market Improvement Value: $357,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $744,200
  • Assessed Land Value: $386,500
  • Assessed Improvements Value: $357,700

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Recording Date: Aug 02, 2000
  • Current Sale Transaction ID: 1109255552
  • Current Sale Price: $357,575
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 185946

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Frequently Asked Questions

What neighborhood is 509 Saddle Ridge Lane located in?
The 509 Saddle Ridge Lane is a located in the neighborhood of King Farm in Rockville, Rockville.
What is the average sales price for listings in 509 Saddle Ridge Lane?
The average sales price for units in 509 Saddle Ridge Lane is $0 currently.

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